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Hudson Pacific Secures $475M CMBS Deal Tied to Six West Coast Offices

Summary by Commercial Observer

A Los Angeles-based real estate investment trust (REIT), which like other Hollywood landlords has struggled since the pandemic and recent labor strikes, has closed a $475 million commercial mortgage-backed securities (CMBS) loan tied to six of its offices up and down the West Coast. Hudson Pacific Properties (HPP), which specializes in properties tailored to media and tech companies, such as creative offices and soundstages, said Monday that it…

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The Registry

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The Registry

Hudson Pacific Completes $475MM CMBS Financing Across Six Properties in Los Angeles, Seattle, and the Bay Area - The Registry

LOS ANGELES — Hudson Pacific Properties, Inc. (NYSE: HPP), a unique provider of end-to-end real estate solutions for tech and media tenants, today announced the completion of a commercial mortgage-backed securities (“CMBS”) financing for a portfolio of six office properties with total gross proceeds of $475 million. The portfolio, which comprises assets located throughout the company’s […] The post Hudson Pacific Completes $475MM CMBS Financing …

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